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20131101
20131130
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much. want to talk about this melt-up that continues. joining us right now to talk more about markets, brian, nath nathan, michele perry higgins author "the everything binder." thank you for joining us. >> thank you. michelle, let me kick it off with you. talk to us about who is buying this market. got a market at an all-time high tonight. 70 points higher on dow jones industrial average. is this institutional or retail or both? >> i think it's a little of both, maria. the retail side, they've had a confusing year, as you look at what's going on right now. we've seen historical highs on equities, our fixed income, alternative space not such a great year. i have those retailers on the sidelines who are wanting to jump in right now and are excited to jump in. they think they might have missed the party. but i would say be very cautious. >> yeah. i mean, we talked to the ceo of schwab, nathan, this week, and he basically said, i'm not seeing it? i'm not seeing the individual investor back in this market. what do you think? >> i agree with you. i won't see it either. it's not like people
really wants to test 1800. it took 1800 on the s&p. it took us right there to 1798. you can feel the excitement, can you feel the momentum building, right? it wants to at least test it and see whether or not we're hitting real resistance. after the testimony yesterday, people are now -- bob said, it you said it, people are sure nothing is happening well into 2014. rates are low. this is the game in town. time to get in and stay in. >> stephanie, is that what you want to do here despite the big move upwards in the last six months? >> we have been putting money in over the last couple of months, but i think you definitely want to take profits when you have them. this week we sold some ford, we sold om aig, we sold a couple of different positions we made money in. but i do think whether or not the market goes higher, i think you'll continue to see a rotation into groups that benefit from the eventual taper. i actually think we'll see a taper some time in the first quarter because i think the economic data has been okay. and i think it's going to get better. it really -- we didn't re
old, u.s. citizen. apparently not related to the tsa. there were conflicting reports earlier. authorities say seven people in all were injured. six taken to local hospitals. ciancia's condition is not known but apparently he was shot by police. authorities at the airport say that the situation is static now. that operations in some parts of the airport will be back to normal but not necessarily in terminal 3, which includes allegiant, frontier, jetblue and virgin america. there have been ripple effects in traffic control system across the country as traffic was stopped, ground hold, for flights headed to los angeles and all the way across the country in new york. the port authority of new york and new jersey says it has stepped up patrols at three new york area airports just in case. but no direct result, they say, in terms of air traffic from the situation at l.a.x. back to you. >> scott, thank you. let's actually get more details on the impact it's had on the airport itself and the traffic on the ground there. jane wells on the ground there. jane? >> reporter: bill, things
mr. bull ard on cnbc today, i'm cautious not putting money to work using options strategy to straddle to buy on the put or take some premium. >> very good. thank you, sir. that will do it for the first hour of the "closing bell." dow finishing near the highs of the session. gain of about 23 points. stay tuned for the second hour of the "closing bell" with maria bartiromo. i'll see you tomorrow. >>> it is 4:00 on wall street. do you know where your money is? hi everybody, welcome back to the "closing bell." i'm maria bartiromo. this market modestly higher as the dow and s&p 500 inch back toward record highs. some money moving into equities pushing the dow up at 25 points at the close. 15,640. nasdaq picking up ground technology doing better ahead of the big twitter ipo on thursday. nasdaq with 3936. s&p 500 higher by 6'.5 points, finishing at 1768. no new records for the dow or s&p tonight but not a bad start to the week. bob pisani following the action as olzalways. >> now historic high for dow transport. we've been talking about it all day, due to airlin
for joining us. salesforce.com will be out with earnings momentarily. we'll see how those numbers look from out in california. and stay tuned, the prince himself, alwaleed bin talal will be with maria on the second hour of the "closing bell." i'll see you tomorrow. >> and did is 4:00 on wall street. do you know where your money is? hi everybody, welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. it was tough getting there, but we are closing at another all-time high. the dow industrials tonight hitting 16 sthou. early today for the first time ever but the market sold off after carl icahn warned he's very cautious on this market and then came back a fraction to close at another all-time high. in unchartered territory for the blue chip average. dow industrial at 15,975. the nasdaq rolled over because carl icahn made comments about apple also. he said i'm not interested in having a fight with apple but also not interested in walking away. translation, there will be a fight. the nasdaq down 37 points. apple, one of the reason. do
've separated the outdoor business in the u.s. and overseas they expect about half of the company's revenue to come from fast growing and nonadvertising revenue. so that's really key maria, that cbs continues to diversify away from reliance on advertising. back over to you. >> thank you very much. joining us is meg green from meg green & associate, peter anderson from congress asset management todd salimoney and our own mandy. >> thanks for having us. >> interesting story today with the decline in the nasdaq even as the dow is hitting all-time highs. do you think that was behind what we've been speculating that some, you know, depocketed fund managers were trying to sell some tech to raise cash to buy twitter? >> sorry. >> that doesn't make any sense to me. >> really. why not? >> i mean, well because they're not going to start -- they might be selling some momentum stocks because they're getting nervous and things are getting pricey but i don't think they'll take that much off the table to buy twitter at least my opinion. >> all right. mandy, were you going to jump
. joining me to talk more about investing today, heather huks back with us from sunamerica funds. eric marshall from hodges capital management. jim low ell from adviser investments. the question of the day, first off, what happened at the end of the day? eric, what's your take on a market that certainly got tired by the end of the day and the selling really accelerated here? >> you know, the market has been near a 13-year high. that's created a lot of momentum in the market. we think it's probably been due for a little bit of a correction here to kind of reset sentiment. at the hodges funds we try not to get too caught up in the short term. we do think over the long run stocks still look attractive relative to valuations. >> okay. still attractive relative to valuations. i want to talk about that. because a lot of earnings are coming out. i want to get your take on earnings. let's right now, though, get to dominic chu. he's got the groupon numbers and priceline also out. a quick move over to dom chu. >> groupon shares were down about 5% in the regular session. they're tacking on anothe
for joining us. >> thank you. >> here we are -- it's great to have you. thanks for joining us. we have so many thousands and thousands of portfolio managers talking about this market. once again, when i meant thousands here at the schwab impact conference and market still at all-time highs, even if just barely. what do you take away from that? >> it's great on one level but seems unright. but when you look at the fundamentals behind it, and we're certainly overweighted with regard to the equity side of the equation but lots of reasons to be there. great operating margins. probably the best in the world in the u.s. margins that are not only great. revenue doing better than expected. earnings doing better than expected. valuations are reasonable. balance sheets are good. there's reason to be optimistic. at the same time, investors have had risk drift in here. they haven't been conscience but equity portfolio is up 30%. bond portfolio might be down. if they entered 60/40 equity fixed they might close. >> you would put new money to work? >> we would but we want to revalidate the investor is prepar
those numbers became vacillated. they never broke through. they always gave us trouble in there. >> thanks, terry. we're going out with what looks like a minus sign, but you never know. we could get some late buying here with the dow down about four points. stay tuned. the ceo of dupont coming up on the second hour of the "closing bell" with maria bartiromo. i'll see you tomorrow. >> and it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome back to the "closing bell." i'm maria bartiromo on the stock of the new york stock exchange. closing in the red after the dow closed at an all-time high. dow industrial average down just about nine points at 15,966. we're about -- closer to 16,000 there. the nasdaq gave up 17 points. technology rolling over and the s&p 500 down about a quarter of a percent at a level of 1787. dow missing a chance to close above that 16,000 mark for the first time. we did have pretty good volatility in the final hour of trading. bob pisani has been tracking today's actions. >> dow industrials, fairly narrow trading range. 60 points
on all of them. have a good weekend. >> you, too. joining us is stephanie link from the street, rich peterson, john manly from wells fargo funds and greg itt from "the economist." characterize the jobs report for us. how did you see it? >> positive number, maria. the street was looking for 125,000. we got over 200,000. that was in spite of the fact we probably had negative effect from the shutdown. bottom line, if we hadn't had shutdown, i'd think the number would have been even stronger. more encouraging with revisions to august and september, where there was no shutdown effect, we now have august with employment of around 240,000. just think about it. if that's what the fed had thought august really was when they went into that september meeting, they might have already tapered by now. >> so, i guess if this jobs report continues and we see this kind of healthy job creation next month, does the taper happen sooner than later? >> i think they do it as soon as they can do it without any impact on the economy. they want the economy to have a head of steam. they're just trying to stop
of "good financial adviser will tell you" and joining us mandy drury. thanks for joining us. liz ann, let's kick this off with you. what did you hear from james bullard and was it the right move to sell into strength? >> there was nothing surprising in there with the exception of something more explicit with interest on reserbs, which would be good in a couple of ways. if they were to lower that they would that would free up velocity lending in the banking system. at the same time it would reinforce this notion they're not going to raise the fed rate at any time soon. that would prevent the kind of riot we saw last summer. not to mention the fact they'll be firmer on the forward guidance. if anything, i saw it as a -- at least a mildly positive statement. we know there's a lot of itchey trigger fingers in the market right now. >> it's interesting, because even though the market is well aware this is not an if but a when the fed tapers any time we suggest it we see sellers come out. what i said to bob pisani. and then the buy of the dips who come right after that. >>
to see everybody. thanks for joining us. kyle, what's your take on this market? record after record after record. you want to put new money to work here? >> wow. this is a tough time. you know the dow jones, over 16,000, exciting. i just want -- i want to pick the right time to enter the marketplace. >> you're waiting for a decline? >> i'm going to wait for a decline. i'll look at retail sales and see how it shapes up before we put new money to work in the market. >> stephanie link, where are the values in this market right now and where do you see froth? >> i've been saying i'm not really sure we go a lot higher in the market between now and the end of the year unless we have that famous blowoff we usually have. we've had a nice run f you look at certain sectors that have lagged will benefit from a taper, meaning better growth down the road is the financials. the financials led in a huge way this week. i think they will continue because the valuations are compelling. clearly they benefit from a steeper yield curve but they benefit from the economy for bett
imminently in a couple of days, ceo specher told us on the conference call. he sort of positioned himself as champion much the little guy. he acknowledged there's a sense that things aren't fair and thinks the market model is going to change. interesting to talk to him about how he feels it's going to change or what exactly needs to change. i know everybody's obsessed with twitter but this is going to be a big, big week for ipos. starting tonight. 16 ipos pricing at nyse and nasdaq. 15 secondary and nine more, one including barracuda, the big one in internet security. >> big week for ipos. thank you very much, robert. joining us amy wu from rbc, rex ma massey and rick santelli. amy, coming to you first. what is the options market telling you about whether or not this bull run has legs? >> hi, maria. well, it was kind of interesting to hear the comments earlier everyone saying, what are we waiting for? what's the next catalyst? i'll say the options market isn't expecting anything, even for payrolls, which are the end of this week. we're only expecting a plus or minus one-point move. and th
and figure out what we learned today. joining us jon fortt, kenny from o'neill securities who is just finishing up trading on the floor and he'll be be shortly. sheila over at the nasdaq. it was nasdaq 4,000 all the talk earlier today. by the close it was the hit social media was taking. what's going on? >> we managed to eke out a gain at nasdaq six points away. you mentioned social media. bigger picture it's the momentum stocks today everyone was talking about. facebook was definitely one of them. tesla, green mountain coffee baidu, names down today. exact same names that led the nasdaq higher. everyone focused on the momentum stocks. >> sheila, thanks. dan, i'm curious, why is it we're seeing some momentum coming out of the market today? >> listen, you focus in on any one particular area of the market. in this case the social media names and other high fliers and you'll see weakness. con conversely, you look at broad -- >> it could have been different had we closed ten minutes earlier. >> that's true. in the face of tesla's monumental decline and a number of oth
of the largest again this year being very strong net u.s. equity inflows of 10.5 billion. the largest since january. so in terms of another competitive alternative to stocks, we're just not seeing one right now regardless of those valuations or that price to earnings ratio that you stated. look, today the 37th closing high this year on the dow jones. and the 35th closing high this year for the s&p 500. >> and you know what, maria, we've also got positive seasonality coming into play here. i've got great stats from our crack data team in the back here. that's that since 1980 for the dates between november 15th, i.e. from tomorrow all the way up until december 31st at the end of the year, the dow has been positive 91% of the time. the russell 2000 has also been positive generally and has had the largest average increase. you've got that seasonality giving us a tailwind as well. >> on heather's point about the punch bowl continuing to be spiked, to give a slightly different take on that kynard, i have a feeling investors are probably getting drunk for completely other reasons. and we're kind o
. stick around. second hour of the "closing bell" with maria bartiromo. please do join us for a special edition tomorrow. we'll see you tomorrow. >>> a historic day on wall street as the dow industrial closes above 16,000 for the first time ever. it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. we are finishing strong on the street. markets melting up. up 109 points at the close at 16,010. just a fraction above 16,000 but we'll take it. volume on the light side here at the big board. nasdaq composite also strong. technology one of the leader shch groups on the upside. nasdaq up 48 points. 1.25% higher. s&p 500 tonight up 14.5 points. nearly 1% at 1795. the dow closing above 16,000 for the first time ever. bob pisani, how high is up here? >> we just keep going up. i'll tell you what's a little bit annoying. we had lousy economic number this morning on the philly fed. yet the market kept moving up. in fact, it went up on that number. 10:00 we had philly fed greatl
you hear about a fire like this, what happens? tell us -- bring us inside the room for a moment. what happens at tesla. because i imagine everybody says, oh, my goodness, there are clearly issues and concerns in the marketplace about batteries and fires, period. i mean, that's where this all begins. and then what do you do? >> well, i guess we -- you know, we kind of see what the reaction is. and then, you know, in this case the reaction is extremely inaccurate and unreasonable. you know, the fact that there are 200,000 -- 20 0,000 gasoline car fires per year in the united states, 200,000. there are on average 200 fire deaths per year, 300 fire injuries per year. how many times have you read about that? can you recall -- >> no. >> -- one instance -- >> no. in complete fairness. >> exactly. so it's like, wow, this is completely unreasonable and wrong. the expert press, you know, in the sort of automotive industry, take the automotive news editor at "automotive news" wrote a great article debunking the fire risk of the model s, because they know that the propensity of a fire is vastly g
for joining us. i'll see you tomorrow. stay tuned now for smart conversation. it's a new day, the second hour of the "closing bell," with kelly evans and company. i'll see you tomorrow. >> it is another historic day on wall street with the nasdaq closing above 4,000 for the first time in 13 years. welcome to the "closing bell." i'm kelly evans. here's how we're finishing the day on wall street. only adding a couple of points on the dow. just barely a point on the s&p 500. those arrows should be light green basically. the nasdaq is up about 23 point. it's the outperformer today. it was lagging yesterday. but, again, a lot of people focused on that 4,000 level psychologically if for no other reason. that's how we appear to be finishing up. want to move on, bring in our "closing bell" panel. kayla, dominic chu, mike santoli and tim seymour. good morning -- or good afternoon. welcome to all of you. >> a long day for you. >> it's all a big blur. >> starting to feel that way in the markets. mike, why the drift lower into the close? >> can't say specifically. we're looking at five days from here on
Search Results 0 to 17 of about 18